Digital economy and business process transformation: Challenges and risks

Stojanović, Dragan

doi:10.5937/etp1701080s

Cited by 5 publications

(1 citation statement)

References 2 publications

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“…The paper by Dragan Stojanovic [14] shows the possibility of a significant increase in business efficiency. It was based on the experience gained in the previous business of the corporation and the positive experience of those who successfully solved the new problems of innovation in business and the correct application of new ICTs in the digital economy.…”

Section: Technological Riskmentioning

confidence: 99%

Technological Risks of the Digital Economy

Chernyakov

Chernyakova²

2018

КФ

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This article postulates that the successful development of the digital economy will be ensured by strengthening the position of corporations, increasing quality of corporate governance, and increasing the interaction and clarity of the structure of financial institutions in accordance with the latest technologies. A general definition of the term ‘digital economy’ is formulated to understand this transformation. The digital economy (as an environment) includes a combination of digital infrastructure, innodiversification information, and communication technologies for doing business. This article discusses issues related to the development of new methods of risk assessment and their impact on business processes in the formation and development of the digital economy.The article further emphasises that corporations must pay special attention to the risks inherent in the digital economy in the transformation process. The purpose of this study is to identify the most significant risks. The study was conducted through hierarchical methods for developing classifications, ranking, and a priori analysis. It has been established that the highest priority of research in the traditional economy is given to financial and commercial types of risk as a result of an a priori analysis. A classification of risks of the digital economy is herein proposed.The article further states that the most specific corporate risk for the digital economy is a specific risk, called technological risk. The concept of technological risk is suggested in order to understand the problems associated with large-scale acceleration of the digital economy, and the development and implementation of information and communication technologies. The development of these technologies appear almost impossible to halt due to their tending toward self-propagation and interactive innovation. The article highlights the positive trend of the emergence of an innovative financial system, which is based on digital platforms, technology and marketing. A well-thought and concerted strategy of digital transformation is important for corporations and successful businesses in modern conditions, instead of disparate use of separate tools.The article also notes that the contradictions in strategy and influence between the leading transnational corporations are becoming one of the main sources of risk in the new conditions of the digital economy from the point of view of ensuring national security issues.

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Section: Technological Riskmentioning

confidence: 99%

Technological Risks of the Digital Economy

Chernyakov

Chernyakova²

2018

КФ

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Digitalization and Indian economy: patterns and questions

Lazanyuk

Modi

2021

SHS Web Conf.

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Digital technologies play a crucial role in enhancing the competitiveness of the economy and promoting economic growth in many countries. The paper is dedicated to the development of digitalization in the modern economy of India and its impact on economic processes that determine the country's economic growth. We analyzed changes in unemployment, debit and credit card transactions, indirect tax revenues, exports, and trade volumes. In this work, we used analysis and methods of correlation-regression analysis. We found a positive relationship between the number of debit and credit card transactions for indirect tax collection. We confirmed that digitalization had influenced the growth of exports and trade volumes by increasing the role of e-commerce while not increasing the unemployment rate.

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Aproximación metodológica para la innovación y transformación digital de los procesos de negocio. Un caso de estudio

Aguirre

2022

Cuad Adm.

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Los procesos de negocio son la columna vertebral de cualquier organización y su innovación es uno de factores críticos para lograr los objetivos de la transformación digital. Existen diferentes enfoques metodológicos para la mejora de procesos como son la reingeniería, lean, seis sigma, los cuales inicialmente no fueron desarrollados para soportar la transformación digital de los procesos. En este artículo se propone una aproximación metodológica para la innovación y transformación digital de los procesos que consta de cuatro fases: alineación estratégica, diagnóstico y análisis del estado actual, innovación del proceso y transformación digital del proceso. En cada fase se proponen actividades y herramientas que tienen como base los enfoques BPM (Business Process Management) y design thinking, combinadas con otras desarrolladas por el autor. Esta metodología se aplica en un caso de estudio para la innovación de un proceso de una compañía del sector eléctrico en Colombia.

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Digital economy and business process transformation: Challenges and risks

Cited by 5 publications

References 2 publications

Technological Risks of the Digital Economy

Technological Risks of the Digital Economy

Digitalization and Indian economy: patterns and questions

Aproximación metodológica para la innovación y transformación digital de los procesos de negocio. Un caso de estudio

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